Cash-strapped Palestinian gov't adopts emergency budget

March 17, 2015 3:11 PM

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RAMALLAH, West Bank (Reuters) - Gripped by financial crisis, the Palestinian government said on Tuesday it was putting an emergency budget in place for 2015 due to the absence of pledged international aid and Israel withholding its tax revenues.

"The general budget law for 2015 comes amid complicated and tough conditions, as the treasury is suffering a choking financial crisis," a Palestinian cabinet statement said.